A posting every day; an interesting idea every three months…
“After 10 Years, Nathan Myhrvold’s $3 Billion Of Private Equity Funds Show Big Losses” (Forbes) is interesting for a tidbit on the second page:
In total Myhrvold’s firm has acquired 95,000 patents…
Just imagine the number of hours that has gone into writing these patents, examining them, deciding whether or not any of them are relevant, etc.!
Full post, including commentsBack in 2016 I wrote “Are markets so inefficient that global warming isn’t being priced properly?”
If sea level rise is imminent, why were people willing to pay $8 million for a Ft. Lauderdale house that was “approximately the same height above sea level as a crushproof cigarette pack”?
Three Harvard eggheads have looked at this more carefully in “Climate gentrification: from theory to empiricism in Miami-Dade County, Florida” (Environmental Research Letters, April 23, 2018)
They have to work pretty hard, but they do find a correlation between height above sea level and price appreciation.
Related:
“Number One in Poverty, California Isn’t Our Most Progressive State — It’s Our Most Racist One” (Forbes) is kind of fun in the same way as me offering my neighbors with the Black Lives Matter posters a minivan ride down to the Fresh Pond McDonald’s for a viewing of some people of color.
For me the most powerful part of the argument concerns real estate regulation and taxation. By making it tough to build anything new, California enriches owners of existing property. Most of these folks are white or Chinese investor visa immigrants. Prop 13 taxes long-time homeowners at much lower rates than recent home buyers. Guess what color the average person who has been in the same house since 1978 is?
California also has sales taxes, which are regressive, much higher than what other states charge.
The author attacks Califronia for running public schools for the benefit of unionized school employees and the politicians who receive their reliable votes. Nobody in California cares what the students learn. But how is that different from other states?
Full post, including commentsSome music-oriented friends and I were trying to come up with titles for modern operas that would be sequels to The Marriage of Figaro.
We quickly came up with
But then we stalled out.
Readers: What would be a good update to this 18th century story? It has to be something that is reasonably likely to happen in the 21st century, but not in the 18th century.
Full post, including commentsSemi-local readers: Would anyone like to meet up at the Rhode Island Air Show this weekend? Due to overwhelming kid-based demand, I plan to be there on both days. The show is free. Fly in before about 10:00 am (PPR).
Full post, including commentsA friend’s son was playing violin in a chamber music concert recently. At the after-party we were chatting about summer plans with the violist. I mentioned plans to go to Oshkosh (more propertly, EAA AirVenture) and noted that people who have restored World War I and World War II airplanes will fly them in. She looked politely blank so my friend said “Those were wars before you were born.” I added “Donald Trump was leading the Germans in World War II. Well… actually it was someone who was very much like Donald Trump.”
Full post, including comments“In a Twist, Low Scores Would Earn Admission to Select Schools” (nytimes):
Students with low test scores are usually shut out of New York City’s best public schools.
But next year, such students could be offered a quarter of the sixth-grade seats at even the most selective middle schools in Manhattan’s District 3 as part of a desegregation plan being debated in the district, which stretches from the Upper West Side to Harlem.
The plan is unusual because it focuses explicitly on low-performing students, and seeks to achieve “academic diversity” across the district’s middle schools.
Although it might be the last race-neutral government program in the U.S., I have never been a huge fan of the NY system of sending the smart kids off to a nerd farm. It seems unfair to those who are left behind. They’ll never see the top 10 percent of achievers and therefore will overestimate their abilities. If I were a school dictator, I would set up individualized instruction and extra challenges delivered to the brightest students who stay within a regular school, reserving the magnet schools for special subjects such as arts and music.
If New York is now going to have quotas for academically weak students in their schools for the academically strong, I wonder if it wouldn’t be more sensible to tear down the entire exam school system. Just have “schools” that can cater to both the good and bad students.
Readers: What do you think? Does an exam school become pointless if people who fail the exam are also admitted?
[Separately, a friend’s daughter recently graduated from what is perhaps America’s toughest high school: Stuveysant. She crushed the entrance exam, got grades near the top of her class, and scored 1580 out of 1600 on the SATs. She rejected advice to “pull an Elizabeth Warren” and check a box to identify as a member of a victim group. She was in turn rejected by Yale, despite being, objectively, one of the best-educated 18-year-olds in the United States. To me this shows just how tough the U.S. has become for young people. When I was in high school (late 1970s), anyone who was reasonably bright and willing to work hard would get into an Ivy League college. To young people who might be impressed that I have an undergrad degree from MIT… close to 50 percent of people who applied to become members of the Class of 1982 were admitted. It was a different world!]
Full post, including commentsOur town wants to demolish a 140,000 sf school that is in basically good condition and replace it with a “Net Zero” building (I created a mini-site just for my thoughts on this school). A handful of the town’s environmentalists question the “greenness” of pushing an apparently usable building into a landfill.
My brilliant idea to relieve the guilt: Tesla bulldozer. Model B!
Full post, including commentsThe Longfellow Bridge that joins Boston and Cambridge has reopened. The number of car travel lanes has been permanently reduced from 4 to 3 as part of the renovation.
In “Cost to renovate Longfellow Bridge compared to its construction cost” (2013), I wrote that the project would be done in 2016 and cost $260 million, roughly 4X the original cost of $65 million (2013 dollars).
In “Longfellow Bridge repairs will now take about as long as the original construction” (2015) I gave an updated completion time.
The bridge is not quite finished, but it is open, and the cost to repair came in at roughly $300 million, about 4.6X the cost to build. See “Longfellow Bridge Reopens After $300 Million Reconstruction Project” (NECN).
Related:
Full post, including commentsThe Adventures in Vet Bills saga that I started in “Healthy American dog runs up a larger health care bill than a slightly sick Mexican” continues…
After nearly four years of life, Mindy the Crippler needed her teeth cleaned. It cost $2,000. I don’t think that the clinic here in exurban Boston is overpriced because there was a two-month waiting list to get in.
Anesthesia, including necessary prior bloodwork, was nearly $1,000.
The specialist vet said “Be sure to bring her back every year.” If we did that, not only would the poor golden retriever have to spend a full day in the hospital once per year, but our spending on vet care would be roughly 3X what it is now.
Humans in San Diego who don’t have dental insurance will go across the border to get their dental care in Mexico. A Boston friend rejected a car-sized quote for dental procedures and had U.S.-trained professors of dentistry do the work in Costa Rica while he enjoyed a vacation. Why can’t dogs travel to Cancun or Tamarindo in January and enjoy the beach with one day off for canine dentistry?
Full post, including comments